Casino development

Submission against the Queen's Wharf Mega-Casino Development Application (DEV2017/846) I write to object to Priority Development Area Application #DEV2017/846 for the Queen’s Wharf casino-resort in Brisbane’s CBD. Having looked through scores of development applications in my time as an elected city councillor, I can say with confidence that it is farcical that the State Government would consider approving this DA in its current form. Considering that this development is taking place on government-owned land, right on the riverfront in the middle of the CBD, the public benefits of the project are relatively small compared to the value of the land and future real estate the developer is...

Fladgate advises on sale of casino development to European casino operator Home / Insights / Fladgate advises on sale of casino development to European casino operator Fladgate’s leisure team has advised Saw Close Casino Limited (SCCL) on the real estate aspects of its sale to Austrian based Century Casinos Europe GmbH, whose parent company Century Casinos, Inc. is listed on NASDAQ. This is Century Casinos’ first acquisition in the UK. SCCL had previously agreed a 30 year lease for a 15,000 sq ft casino development in the centre of Bath. The casino will offer 18 gaming tables, 35 slot machines and 24 automated live gaming terminals and will form part of a mixed-use leisure development,...

What are the health impacts of casino development? Late last week, Governor Andrew Cuomo outlined plans to expand organized gaming in the state, arguing the addition of three casinos in upstate New York would bring substantial economic benefits to the region. “We have gaming. The question really is, should we recognize the reality of our situation, and fully participate in casinos and gaming, and actually regulate it intelligently and tie it into our overall tourism efforts.” Cuomo’s proposal emphasizes the thousands of jobs supported by the gaming industry in other states, and the boost that billions of dollars in revenue would deliver to economically depressed regions. “Resort...

DAO.Casino development updates and near future plans After the successful Token Sale DAO.Casino Team brings to your attention developement report and plans for the near future. Please note that this is only the draft and some parts of it may change. In the following months we will regularly release updates, which you can follow via our blog or twitter. Work-in-progress Channels Upgrade Our first implementation of Payment Channels worked well on BlackJack — it boosted up speed and lowered transaction fee for all of in-game actions. But it still had some issues that need to be solved. That’s why our devs have done a big research work on Lightning Network technology. Game Channels is the...

The opening of multi-billion dollar casinos in Japan in the near future will not likely affect gambling jurisdictions across the Asia-Pacific region. This is according to international credit-debt watcher Fitch Ratings, which said that it is unlikely that Japan casinos will trigger casino cannibalization in the region. But Vicky Melbourne, the ratings agency’s head of Industrials, Property and Consumer for South and Southeast Asia, pointed out that the success or failure of each gambling jurisdictions depends on the products it offers in their area. “No sorts of specific, because as we’ve told earlier, it is sort of having the right product, the right sort of property and the...

OVER THE HOLIDAY period, Fora is taking a look at some of the more notable big-ticket projects that were floated in the run up to the Celtic Tiger and in the aftermath of its demise. Today we’re looking at a slightly less outlandish, but still out-there, proposal – to build a Las Vegas-style ‘super casino’ on the outskirts of Tipperary. Businessman Richard Quirke, one of the country’s richest men, took a shine to Two-Mile Borris, a small town in Tipperary near his native Thurles. Quirke, well-known for his ownership of Dr Quirkey’s Good Time Emporium in Dublin, was looking to develop a ‘super-casino’ near the town. The original plans were nothing if not ambitious. They included provisions...

Pinnacle Entertainment’s $114 million investment in a casino development in Vietnam is in jeopardy after it was disclosed the development company in charge of the project is in default. The Las Vegas-based regional casino operator disclosed the issue in the company’s quarterly earnings filing Friday with the Securities and Exchange Commission. Pinnacle disclosed that Asian Coast Development Ltd., which is based in British Columbia, Canada, is currently in default of deadlines for the completion of the initial phase of the Ho Tram Strip complex near Ho Chi Minh City. Investors reacted strongly to the news. Shares of Pinnacle, traded on the New York Stock Exchange, were off as...

Governor Andrew M. Cuomo today signed the Upstate NY Gaming Economic Development Act, a comprehensive new law that, pending approval of a referendum this fall, will establish four destination gaming resorts in Upstate New York and boost tourism and economic development in communities across the region. Under the casino gaming plan outlined in the new law, all localities in the state will share in increased education aid, or lower property taxes, no matter where the casinos are located. Our focus has been to bring jobs and boost local economies in Upstate New York, where decades of decline have taken their toll in our communities," Governor Cuomo said. "This new law will bring the state one...

Rideau Carleton Raceway Casino Expansion Development Application In May 2017, the Ontario Lottery and Gaming Corporation (OLG) announced that Hard Rock Casino Ottawa was selected as the service provider for the Ottawa area gaming entertainment centre, to be located at the Rideau Carleton Raceway, at 4837 Albion Road. In September 2017, City Council confirmed the Rideau Carleton Raceway as a gaming site and submitted a summary of the process, public input received, and Council’s resolution to the OLG. Hard Rock Casino Ottawa has taken over the ongoing operations of the Rideau Carleton Raceway and opened previously-approved gaming tables within the existing facility. Hard Rock Casino Ottawa's...

Ground breaks on R100-million Mthatha casino development Dec 6, 2017 Build phase to create hundreds of jobs, bring world-class entertainment to Mthatha Ground has broken on a R100-million, world-class entertainment centre in Mthatha, which will create hundreds of temporary and permanent jobs and bolster the economy of the Eastern Cape’s third-largest city. The entertainment centre, which is being developed by South Africa’s largest black-owned property development company, Billion Group, will boast Mthatha’s first licensed casino as well as conferencing and childcare facilities, bars and restaurants. Having been in the pre-development phase for the past two years, the project will form the...